Carlyle Helps Back
Financings in China
Valued at $27 Million

HONG KONG -- Carlyle Group's venture-capital arm is heightening its presence in China as the biggest participant in two financings, with a combined value of $27 million, that close today.

Beijing-based Runstar International, which develops online electronic games, is receiving $14 million from an investor group that includes Carlyle, China Merchant Fortune Ventures and Sino-Korean Wireless Fund. In the second transaction, Carlyle --...